Xoom Corporation

In today's article we are going to talk about Xoom Corporation. Xoom Corporation is a topic that has aroused great interest in society in recent times. It has become a point of reference for many, whether due to its relevance today, its impact on daily life, or its historical importance. Since its emergence, Xoom Corporation has generated all kinds of opinions and has been the subject of numerous studies and research. In this article, we will explore different aspects of Xoom Corporation, analyze its implications and discuss its relevance in today's society. Without a doubt, Xoom Corporation is a topic that does not leave anyone indifferent and from which a lot can be learned.

Xoom Corporation
Company typeMoney transfer
IndustryBanking
Founded2001 (2001)
HeadquartersSan Francisco, California,
U.S.
Serviceselectronic funds transfer
remittance provider
ParentPayPal, Inc.
Websitexoom.com

Xoom Corporation (also known as Xoom, a PayPal Service) is an electronic funds transfer and remittance provider.

History

Xoom Corporation was founded in 2001 and has its headquarters in San Francisco, California.

In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers, as having amongst the highest consumer satisfaction ratings.

In March 2011, and in September 2012, Xoom was listed in the Wall Street Journal's annual "Next Big Thing List" list of the 50 most promising venture-backed companies.

In October 2012, in a follow-up survey by the Inter-American Dialogue of 51 remittance service providers for the US to Latin America market, ranked Xoom top for fees charged and countries served.

Funding and ownership

On September 28, 2007, Xoom closed a first E-series round of financing for $20 million. Peter Thiel was an early investor in Xoom Corporation. Xoom went public on February 15, 2013. In November 2015, PayPal acquired Xoom for $25 a share, to a total of about $1.09 billion.

See also

Further reading

  • "Xoom Money Transfer: The Disruptor That Wasn't". SaveOnSend. August 28, 2019. Retrieved October 10, 2019.

References

  1. ^ "Sequoia Capital-Xoom". Sequoia Capital. Retrieved 10 February 2021.
  2. ^ Orozco, Manuel (10 June 2010). "A Scorecard in the Market for Money Transfers: Trends in Competition in Latin America and the Caribbean". Inter-American Dialogue. Archived from the original on July 28, 2011. Retrieved January 14, 2011.
  3. ^ Debaise, Colleen (10 March 2011). "The Top 50 Venture-Backed Companies". Wall Street Journal. Retrieved March 10, 2011.
  4. ^ Zoran, Basich (27 March 2012). "Looking for the 'Next Big Thing'? Ranking the Top 50 Start-Ups". Wall Street Journal. Retrieved January 3, 2013.
  5. ^ Orozco, Manuel (24 October 2012). "The Market for Money Transfers: Ranking of Remittance Service Providers in Latin America and the Caribbean". Inter-American Dialogue. Archived from the original on December 3, 2013. Retrieved January 3, 2013.
  6. ^ Marshal, Matt (28 September 2007). "Xoom, money transfer site, raises $20M more". VentureBeat. Retrieved January 15, 2011.
  7. ^ Eric Savitz (February 15, 2013). "Xoom IPO Prices At $16, Above Projected Range, Then Spikes". Forbes.
  8. ^ "PayPal Acquires Xoom for Stake in Digital Money Transfers". nytimes. Retrieved 1 July 2015.
  9. ^ "PayPal-Xoom Deal Now Official". pymnts.com. 2015-11-13. Retrieved 2016-06-07.

External links

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